Question
Tiny Tots has debt outstanding, currently selling for $820 per bond. It matures in 16 years, pays interest annually, and has a 11% coupon rate.
Tiny Tots has debt outstanding, currently selling for $820 per bond. It matures in 16 years, pays interest annually, and has a 11% coupon rate. Par is $1000, and the firm's tax rate is 25%. What is the after-tax cost of debt? The after-tax cost of debt for Tiny Tots is nothing%. (Round to two decimal places.)
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Earnings Quality
Authors: Andrew P.C.
1st Edition
1521507724, 978-1521507728
